Fiduciaries need to stay informed about recent developments in artificial intelligence (AI) regulations, including new state laws that affect employment practices and AI’s role in ERISA litigation. Proactive measures, such as evaluating AI tools and auditing service providers, are essential for managing risks and ensuring compliance.
As businesses increasingly integrate AI into their operations, the risk of litigation surrounding its use is growing significantly. New legislation, such as the EU Revised Product Liability Directive, may empower consumers to bring claims against companies for harm caused by AI systems.
Switzerland’s approach to regulating artificial intelligence (AI) has faced delays, widening the gap between it and other countries that have already implemented legislation. The Federal Office of Communications is expected to release initial guidelines for AI regulation, which will be debated and consulted upon in parliament.
The House AI Task Force’s final report provides a clear and actionable blueprint for a unified U.S. vision on AI governance, addressing the need for targeted regulations, empowered sectoral regulators, and a consistent national framework. This approach aims to balance innovation with necessary safeguards, positioning the U.S. to lead confidently in AI governance.
Scholars are urging the European Union to prioritize the enforcement of the recently passed Artificial Intelligence Act (AIA) to ensure its effectiveness as a global benchmark for AI regulation. They emphasize that adequate staffing and resources at the newly created AI Office are critical to prevent inconsistent enforcement across member states.
The document discusses the current state of AI regulation in the United States, highlighting the reliance on existing federal laws while noting the challenges posed by a patchwork of state and local regulations. It outlines various proposed AI bills in Congress aimed at addressing issues such as safety, privacy, and discrimination in AI applications.
The new EU Product Liability Directive (PLD) imposes strict liability on manufacturers and suppliers for defective products, replacing the previous directive that had been in place for nearly 40 years. This new framework aims to address the unique risks posed by digital technologies and AI, making it easier for consumers to seek compensation for harm caused by these products.
The EU AI Act introduces the “AI literacy” principle, which mandates that organizations ensure their staff possess the necessary skills and knowledge to effectively use and assess AI systems. This requirement applies to all AI systems, regardless of their perceived risk level, and takes effect on February 2, 2025.
As the European Union’s AI Act comes into effect in 2025, Microsoft is committed to helping customers innovate with AI while ensuring compliance with the new regulations. The company is actively developing its products and services to meet the obligations set forth in the AI Act and is collaborating with European policymakers to establish effective implementation practices.